🎁R token airdrop
The idea of distributing initial token supply by airdrop started back in September 2020, when Uniswap, the world’s largest decentralized exchange (DEX), began the process of decentralizing itself by setting up new standards for DeFi protocols. The firm behind the token-swap site decided to airdrop 150 million UNI tokens to a bunch of Ethereum users who had been involved with Uniswap in one way or another over the years. The most notable part of this airdrop was its magnanimity. Every wallet that had tried to use Uniswap since its inception was able to claim 400 UNI tokens — worth well over $1,000 at the time, and $17,000 when the price of UNI token reached its all-time high in 2021.
More than $8,000,000.00 worth of R tokens allocated for the airdrop
Starting from June 1, 2022 until July 15, 2022, Revuto will take several snapshots of Revuto wallets within the Revuto app to register the balance of REVU tokens. The goal is to track and calculate how many REVU tokens Revuto users and/or investors hold within the Revuto app (Revuto wallet, Staking Center, and all locked or unclaimed tokens from the Token Sale rounds) in order to airdrop them R tokens. The average amount of REVU tokens the user will hold on the day of snapshots (Revuto will later disclose when it took snapshots during the 45-day period) will decide how many R tokens the user will get. The ratio to get an R token based on the average REVU token wallet balance is 10:1, meaning that you will receive 10 R tokens for each REVU token you hold through the mentioned period. Users who hold REVU tokens through the entire 45-day period and all snapshot events will become eligible for the maximum airdrop amount.
The vesting period for the R token airdrop will last 24 months with 25% of tokens unlocked and sent to the user’s wallet every six months. The counting period will start on June 1, 2022. To become eligible for the R token Airdrop you must hold your REVU tokens exclusively within the Revuto app. REVU tokens that will remain on the exchanges or stored on any other Cardano wallet (Nami, Yoroi, Eternel, etc.) will not be included and counted for the airdrop. Be sure to withdraw your REVU tokens in the Revuto wallet by June 1st to catch the first snapshot.
If you still don’t hold any REVU tokens, now could be the good time to grab them to become eligible for the R token airdrop. REVU tokens are listed on Kucoin, Gate.io, Bitmart, and Cardano DEXes like Minswap, Muesliswap, Sundaeswap, and Wingriders.
Download the Revuto app from the App Store, Google Play, or Huawei AppGallery.
We have many things coming out in the next few weeks. From the Revudex launch on August 1st and the start of our subscription management service starting with the UK market. We will also have other great news including updates regarding our physical debit cards and the introduction of new Revulutionary NFTs. We also started negotiations with Polygon to add support for MATIC and AAVE to the Revuto Custodial Wallet with the end goal of expanding support for other chains and to build together the micro-lending and borrowing setup in the Revuto app, so be sure to keep up to date on the latest news by following Revuto’s official channels.
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